The Free Bets are credited to the customer's balance upon placing a qualifying bet.

Players must place a bet of at least £/€10 at odds of 1/2 (1.50) or greater on any sport.

The Free Bets (3 x £10) are credited to the customer's balance once the bet is settled.

One of the £10 free bets must be used using a mobile device, smartphone or a tablet.

Free Bets expire after 7 days from the moment they're awarded.

Customers who deposit using PayPal, Skrill, NETELLER, EntroPay or Paysafecard are not eligible for this promotion.

Country restrictions apply, see 888sport T&C for more info.

18+, New Customers Only. Gamble Responsibly

All bonuses are subject to the 888sport T&C.

Payment Methods For Online Betting Sites-Everything You Need To Know!

Having an easy way to manage your money at an online sportsbook is of detrimental value when choosing your bookmaker. Most bookmakers will present a wide range of banking methods to choose from, which is crucial in order to maintain a wide player base. Although you will have a good selection of deposit to choose from, almost without exception, the thing you should pay attention to are the withdrawal methods. The withdrawal methods are usually scarcer and the most common one is bank transfer. You should look for Neteller, Skrill or credit cards, because bank transfers come with prolonged processing times, meaning you will have to wait more to receive your money.

Here is a listing of online sportsbooks separated by payment methods, with corresponding symbols to the right signifying whether the method in question can be used for deposits, withdrawals or both.

Online Betting Sites: Main Payment Methods

When it comes to topping up or withdrawing money from your online betting account there are lots of options available. Some punters will be better suited by using credit or debit cards, but there are no shortage of alternatives. In this day and age there are a whole host of online bookmaker payment methods available to punters, and we outline the most popular payment methods below.

Payment Method

Deposit Time

Withdrawal Time

Debit Cards

Instant

1-3 Days

Credit Cards

Instant

1-3 days

Prepaid Cards

Instant

N/A

PayPal

Instant

Instant

Neteller

Instant

Instant

Skrill

Instant

Instant

Paysafecard

Instant

N/A

ApplePay

Instant

N/A

EcoPayz/EcoCard

Instant

24 Hours

Bank Transfer

1-3 Days

3-5 Days

Debit Cards

Perhaps the most commonly used methods for depositing and withdrawing cash from betting accounts are credit and debit cards. If you have a debit card you can use it to withdraw money from your own bank account via an ATM. You can also pay for goods and services with your debit card and most bookmakers accept debit cards.

The most widely used debit cards are Visa Debit, Maestro, Solo, MasterCard Debit and Visa Electron. When you deposit money when using a debit card the money is instantly transferred from your bank account to your online betting account. However, it usually takes a couple of days for withdrawals to process if you are using your debit card. Most bookies don’t charge a fee for debit card transactions, so this is a payment method that is well worth checking out.

Credit Cards

Credit cards are another popular payment method with punters for online betting sites. Unlike debit cards, credit cards are not linked directly to your bank account. Visa and Mastercard are the two most common credit card types, but a lot of bookmakers also accept American Express and Maestro. However, while credit card payments into your betting account are processed instantly, there are some drawbacks with credit cards when it comes to withdrawals.

If you are withdrawing money using your credit card you can only withdraw the amount that you initially deposited. So, if you do manage to place a winning wager you will have to use another method to withdraw excess cash, most commonly a bank transfer. Also, while bookmakers don’t usually charge a fee for topping up by credit card, the credit provider may apply fees so make sure to check what charges apply when you top up your betting account by credit card.

Prepaid Cards

Although credit cards and debit cards are by far the most common payment methods used by punters, prepaid cards have started to grow in popularity. You can now purchase prepaid cards from Mastercard or Visa and simply top up the card and then use it to deposit funds to your online betting account.

Another popular prepaid card is the Paysafecard, and you can purchase a Paysafecard in retail outlets around the UK. Paysafecards can be bought for £10, £25, £50 or £100. Once you’ve bought a voucher, simply log in to your betting account, enter the PIN and deposit the value of your Paysafecard into your account.

PayPal

Here at Sportsbetting24 we think that PayPal is one of the most convenient and safest ways to top up and withdraw money from your online bookmaker account. One of the main reasons we think PayPal is a payment method worth using is because of the speed of transactions. Both deposits and withdrawals are instant, so you can access any winnings straight away.

Another positive for PayPal is the fact that no bookmaker transactions will show on your bank account. Also, there are no fees when it comes to using PayPal for depositing or withdrawing cash to or from your online betting account. In our opinion, we think PayPal is an E-Wallet well worth considering, if your bookie accepts it. Below is a list of the top bookies that currently accept PayPal as a payment method.

You must sign-up with Promo Code - ZSK200 | You must deposit £10 via debit/credit card or Paypal only | Other E-Wallet deposits will not count for this promotion | You must place a £10 single bet on any sportsbook market to qualify | Qualifying bets must be placed at odds of 1/5 (1.2) | Only bets placed and settled within the first 30 days of account opening qualify | Cashed Out and Voided bets do not qualify | Multiple bets are excluded and any single bets in multiple bets are also excluded (e.g Lucky 15) | Free bets are valid for 30 days.

Sports: all

Minimal odds: 1.20

KEY TERMS:

New Customers only - 18+

UK and Ireland customers only

You must sign-up with Promo Code - ZSK200

You must deposit £10 via debit/credit card or Paypal only

Other E-Wallet deposits will not count for this promotion

You must place a £10 single bet on any sportsbook market to qualify

Qualifying bets must be placed at odds of 1/5 (1.2)

Only bets placed and settled within the first 30 days of account opening qualify

Cashed Out and Voided bets do not qualify

Multiple bets are excluded and any single bets in multiple bets are also excluded (e.g Lucky 15)

Free bets are credited within 24hours, once qualifying bet has settled

Register a new Ladbrokes account using promo code G30. If the Promo Code is not applied, you will not qualify.

Deposit and bet a minimum of £10

Deposits made by Moneybookers, Paysafe, Paypal, Neteller or Skrill will NOT qualify for this promotion

Place a £10+ qualifying bet on any sport, at odds of 1/2 or greater

Qualifying bets must be made within 14 days of account opening

A “Qualifying Bet” is classed as a real money sports bet of at least £/€5 win or £/€5 each-way, at fractional odds totalling 1/2 (decimal odds 1.5) or greater. For a single line accumulator bet, each individual selection of the bet must at fractional odds of 1/2 or greater to be deemed a Qualifying Bet. Please note that only the win parts of win/each-way bets will qualify.

You will receive 3 x £10 free bet credits, which you must use within 7 days on sports.

New customers only. Available to residents of UK or Republic of Ireland. Open a new account using promo code YSKA00. If your qualifying bet is settled as a loser Paddy Power will refund you stake in CASH. Maximum refund is £/€10. Deposit a minimum of £/€10 using a Debit/Credit Card or PayPal. Deposits made with e-wallets including Skrill, Paysafe and Neteller will not count towards this promotion. Only Debit/Credit Cards and Paypal are eligible.

Sports: all

Minimal odds: 1.50

New customers only. Available to residents of UK or Republic of Ireland.

Open a new account using promo code YSKA00.

If your qualifying bet is settled as a loser Paddy Power will refund you stake in CASH. Maximum refund is £/€10.

Deposit a minimum of £/€10 using a Debit/Credit Card or PayPal.

Place a Sportsbook bet. For the purposes of this promotion, your first ever bet will be counted as the qualifying bet. Sign up offers are limited to one per person, family, household address, email address, and shared computer. Paddy Power reserve the right to withdraw the availability of free bet offers to any customers.

Deposits made with e-wallets including Skrill, Paysafe and Neteller will not count towards this promotion. Only Debit/Credit Cards and Paypal are eligible.

Customers registering through this offer are not eligible for any other sign up promotion.

Other essential stuff: Paddy Power reserves the right in its discretion to exclude and/or limit the availability of the offer to certain customers.

The full terms and conditions of Paddypower.com also apply to this offer.

18+, New UK (and Northern Ireland) customers only | Only your first bet counts as a qualifying bet | A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports markets | Minimum odds of Evens (2.0) | Free bets time limits apply | Free bet stakes not included in returns

Sports: all

Minimal odds: 2.00

Key Terms:

Customers must be 18+

New UK (and Northern Ireland) customers only

Only your first bet counts as a qualifying bet

A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports markets

Minimum odds of Evens (2.0)

Free bets credited up to 10 hours after qualifying bet settlement and expire after 7 days

18+ www.begambleaware.org Minimum deposit £10. You must wager your bonus money 3x to make it withdrawable at minimum odds of 1.40 (2/5) in Sportsbook, 25x for Casino. Bonus will expire after 30 days of opt-in. Further T&Cs Apply.

Sports: all

Wagering requirements: Bonus must be bet 3 times

Minimal odds: 1.40

£40 Money Back as Bonus on Your First Bet + £10 Casino Bonus.

The minimum qualifying deposit is £10.

You must wager your bonus money 3x to make it withdrawable at odds of 2/5 (1.40) in the Sportsbook, 25x for Casino.

The bonus will expire after 30 days of opt-in.

This offer applies to your first bet only. If you win your first bet the bonus has been used. If you place a system bet only the first settled column of £10 or higher will count towards the bonus.

Customers must bet the full amount they've deposited, in order to get the Free Bet, up to £/€30.

Depending on the the type of the bet, here are the minimum odd limits:

single bets - must be placed at odds of 1.75 (3/4) or over.

each-way bets - the place part of the bet must be placed at odds of 1.40 (2/5) or over

system bets - each selection must be placed at odds of 1.40 (2/5) or over

Deposits made with PayPal, Credit Card and Debit qualify for this bonus.

18+, T&Cs Apply.

Other E-Wallets

PayPal is undoubtedly the most popular E-Wallet used by punters to deposit and withdraw cash to or from their betting account. However, more E-Wallets are emerging and a couple of companies have already made a big impact in this area. Some of the fastest growing E-Wallet services include Neteller, Skrill, EcoPayz, and Apple Pay. Find out more about these E-Wallet services below.

Neteller

This is a well known E-Wallet that was first created in Canada and now operates from the Isle Of Man. It is fully recognised as a financial online institution and it operates in a similar fashion to PayPal. Most bookies accept payments via Neteller, but you might miss out on a sign up bonus if you use it as some bookies do not award bonuses for Neteller deposits.

Skrill

Although Skrill might not be around as long as some of their rivals have been, plenty of punters still use Skrill to deposit money to their online betting account. Skrill used to be known as Moneybookers and they are owned by the same company as Neteller and Paysafecard. Again, Skrill works very similarly to PayPal and can be used for deposits and withdrawals. As with Neteller, deposits made via Skrill often do not count towards bonuses.

EcoPayz/EcoCard

For punters that are looking for a viable alternative to the above E-Wallets, EcoPayz is well worth a second look. The same services that are available from PayPal, Neteller and Skrill can be utilised with EcoPayz and you can also avail of prepaid card services too. Best of all, most Online Betting Sites have no restrictions on bonuses for punters using EcoPayz or EcoCards. This is a big positive and one of the main reasons why you should strongly consider using EcoPayz as your primary E-Wallet.

Apple Pay

If you are a user of an Apple mobile device you might be interested in the Apple Pay E-Wallet service. If you have an iPhone, iPad, Apple Watch or even an Apple Mac, you can use your Apple Wallet to deposit cash into your betting account with some bookmakers. There are no fees and the service is very secure as you do not need to enter your card details. Deposits are instant with ApplePay and it is a payment method well worth considering if you have an Apple device.

Other E-Wallets

Although the aforementioned E-Wallets are some of the most popular on the market, bookies do accept payments via other E-Wallets. For example, William Hill accept a wide range of e-wallet payments, including Click2Pay, ClickandBuy, EntroPay, InstaDebit, WebMoney and Usemybank. As always, check to see which payment methods are accepted by your preferred bookmaker before you open an account.

Bank Transfers

Perhaps the simplest way to top up your online betting account is via bank transfer. Withdrawals can also be made via bank transfer too. Most bookies do not charge fees for bank transfer transactions, but some banks do apply charges, particularly if you are moving money between different countries and currencies.

Unfortunately, bank transfers are not instant and times can vary depending on what bank you use and which bookmaker you are using. Back in 2008 the Faster Payments Service (FPS) was introduced by some banks and if your bookie supports FPS payments can be processed within a couple of hours. Normally payments can take between 3-5 days to clear, so if your bookie supports FPS this payment method could be the perfect choice for you.

Western Union

One of the most famous money transferring systems on the planet, Western Union is a payment method that is accepted by many betting sites. However, the big downside to using Western Union to deposit/withdraw cash from your betting account are the fees that are involved.

In comparison to the vast majority of payment methods, Western Union is the most expensive and we think E-Wallets or credit/debit cards are a much better option. If you are going to use Western Union as a payment method, it should only be used as a last resort due to the associated fees.

Safest Online Betting Site Payment Methods

Security is always a big worry when transferring funds online. Data breaches have become increasingly common, and the last thing you need is for your financial details to fall into the wrong hands. If you use a debit card as your primary payment method there is always a risk that if your betting site is compromised and loses your details, your account could easily be emptied.

For this reason, we firmly believe that E-Wallets like PayPal, EcoPayz, Neteller and Skrill are the safest way to deposit or withdraw cash to or from your betting account. If you use these payment methods you don’t have to part with any card details, thus eliminating the chance of your details falling into the wrong hands. So, from a security perspective, our experts at Sportsbetting24 strongly recommend using one of the above mentioned E-Wallets as your primary payment method for online betting sites.

Online Betting Site Payment Methods FAQ

Which UK online betting sites accept PayPal?

As we outlined earlier, PayPal is one of the most convenient and secure payment methods for online betting sites. Loads of UK bookmakers now accept deposits and authorise withdrawals via PayPal. Some of the biggest names that accept payments via PayPal include the likes of BetVictor, William Hill, Paddy Power and Coral. So, if you are dead set on using PayPal as your primary payment method, those online betting sites are a good starting point.

Do online betting sites charge fees for deposits and withdrawals?

We are glad to report that the vast majority of online betting sites in the UK do not charge fees for depositing or withdrawing cash. However, some fees may be applied by your financial institution depending on the payment method you use. For example, bank transfers between different countries or currencies can incur fees, while Western Union also charge customers that use that service. Credit/debit cards and E-Wallets are usually exempt from fees so they are the most cost effective payment methods.

Can you withdraw money from a betting account using a credit card?

If you use a credit card like a Visa or Mastercard to top up your account, restrictions apply to how much you can withdraw. If you deposit £50 and manage to place a couple of winning bets that boost your balance to £300, you will only be able to withdraw the original £50 to your credit card. The remaining £250 must be withdrawn by using another payment method. With debit cards, you can withdraw the full amount in your account and it will go directly into your bank account.

What is the most secure payment method?

Although bookmakers put a large amount of security measures in place, sometimes breaches still occur. Before you open an account with an online betting site, you should always check out their security policy. If you want to minimise the risk of your financial details falling into the wrong hands, then E-Wallets like PayPal and Neteller are worth using as your main payment method. If you use debit or credit cards you have to give your bookie those details, and there is always a risk involved when you do that. No card details change hands when E-Wallets are used, so we think E-Wallets are the most secure payment method for online bookies.

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